What will be the amount of gross profit of a firm if its average inventory is ₹80,000, Inventory turnover ratio is 6 times, and the Selling price is 25% above cost?

(A) ₹1,20,000.

(B) ₹1,60,000.

(C) ₹2,00,000.

(D) None of the above.

(A) ₹1,20,000.